Partner Voice
VPL TrajectRx
Apr 15, 2024

VPL TrajectRx empowers outpatient pharmacies by giving them the cloud-based shipping, tracking and compliance solution they need to build cost-conscious, stronger, and smarter last-mile operations. Created for pharmacists by pharmacists, our clinically minded platform gets prescriptions out the door, tracks and traces them to their destination, communicates shipping updates to patients and staff, and compiles necessary reporting for proof of delivery. By minimizing distribution errors, enhancing operational efficiency, and reducing time spent on the phone, TrajectRx ensures a streamlined and effective pharmacy workflow.

Duke University
Mar 29, 2024

i-Health, Inc. is proud to support clinical research and advance scientific knowledge around probiotics, including a
recent investigator-initiated trial conducted by clinician researchers at Duke University using Culturelle® probiotics.

Specialty pharmacy image
Feb 28, 2024

The practice of specialty pharmacy is increasing, but what exactly does it mean?

Any drug can be considered “special” due to its complicated interactions with the human body. However, advanced technology drives drug development into a new domain.

New “specialty drugs” treat rare diseases, but they come with high costs, varying drug formulations, strict stability rules, and increased patient monitoring.

In fact, many community pharmacies do not have the ability, capacity, or personnel to dispense specialty medications.

That’s where specialty pharmacies come in, equipped to handle the storage, shipping, counseling, pricing, and insurance claims surrounding specialty drugs.

Specialty Pharmacy Market Growth

According to the Assistant Secretary for Planning and Evaluation, specialty pharmacy drug spending has increased by 43% from 2016 to 2021, reaching a total of $301 billion. However, only 2% of the population utilizes these medications, demonstrating the cost involved with specialty drugs.

The number of specialty drug prescriptions being filled in a non-retail pharmacy setting has increased by 40%, illustrating the growing importance of specialty pharmacies.

Specialty pharmacy has experienced significant growth in the last 10 years and is predicted to continue growing by 8% annually through 2025.

Exploring the Specialty Drug Pipeline

According to Ray Tancredi, the divisional vice president of Walgreens, 39 new drugs have the potential for FDA approval by the end of 2023, with 28 of them being specialty medications.

Among specialty drugs in clinical trials, there are 39 injectables, 37 oral medications, one inhalation drug, and one topical formulation.

These trial medications focus on the following specialty drug categories:

  • Rare diseases
  • Oncology
  • Gene and cell therapies
  • Biosimilars
growth in specialty pharmacy
growth in specialty pharmacy

The Rise of Biosimilars

Another factor to consider is the increase of biosimilars as biological drug patents are starting to expire. Biosimilar drugs closely resemble their original counterparts.

In 2021, the most used specialty drug was Humira. However, by the beginning of 2023, the market welcomed nine biosimilars for Humira, making the drug more affordable and easier for patients with arthritis and plaque psoriasis to obtain.

The expiration of patents may drive spending in the biosimilar market to reach $36 billion by 2024.

Despite increased spending, the widespread availability of biosimilars could potentially save $100 billion in costs for biologics within five years. As a result, patients everywhere will have better access to life-saving medications and therapies, further increasing prescription volume in specialty pharmacies.

Implications of Specialty Pharmacy

Specialty drugs often treat complex, chronic conditions that require timely medication to maximize patients’ outcomes. In this case, accurate deliveries are a critical component of patient care as six in 10 adults in the United States have a chronic disease, according to the CDC, while 4 in 10 in the country have two or more.

As the volume and spending are bound to increase, specialty pharmacies must be equipped with advanced technology to ensure a smooth and efficient shipping workflow.

In addition, the shift to at-home care means shipping prescriptions to patients’ homes has taken on even greater importance. This, coupled with the rapid pace of pharmacological innovation, means there are more prescriptions to ship than ever before.

Embracing the Future of Specialty Drug Distribution

Here at VPL, we are determined to provide clinically-minded solutions to the ever-changing pharmacy industry.

To that end, we created our prescription distribution, tracking, and compliance solution to ease shipping worries and increase transparency surrounding specialty medication deliveries.

For more information about how our software can help your pharmacy navigate the growth in specialty pharmacy, visit www.getvpl.com/pharmacy-solutions. This original blog post is also available at https://getvpl.com/growth-in-specialty-pharmacy-blog/

Laura Bray
Jan 15, 2024

Essential Medicine Shortages have become commonplace throughout the supply chain. This year ASHP reported that 99% of hospital pharmacists encounter more than one drug shortage a day. 2023 was a dire year for drug shortages. Patients from around the country faced a 10 year high of the number of medicines in shortage and they needed help.

A bankruptcy, a quality assurance event, and a tornado caused major disruption, closures, and impact at 3 separate manufacturing plants. These events spotlighted the urgent need to build resiliency and collaboration into the entire supply chain. The pharmaceutical supply chain is fragile. Any setback or disruptions can cause a ripple effect, severely impacting patients. A broken and brittle supply chain cannot fill the physician's hands that save the lives of our people. During each one of these events, Angels for Change was there fostering patient first
solutions, collaboration, transparency, and redundancy to mitigate the shortage and create the resilient healthcare supply chain our citizens deserve. 

Angels for Change (A4C) is the only 501c3 volunteer supported, patient advocacy organization on a mission to end drug shortage through advocacy, awareness, and a resilient supply chain. Laura Bray founded A4C in 2019 after her own child faced three life-saving drug shortages in nine months of pediatric cancer treatment. Each day, A4C advocates on behalf of patients, physicians, and pharmacists in a life-saving drug shortage, while building relationships with members of the pharmaceutical supply chain and policy makers to end drug shortages. We take direct calls from those in a shortage crisis and connect them to supply through our Inventory
Sharing Network. We answer every call. We leave no patient behind. This work has given us a unique view into the supply chain. While it is brittle and broken, it is also filled with supply chain experts and front line care teams willing to perform herculean efforts to treat their patients and save lives. This supply chain is made up of so many champions that can and will unite to end this crisis.

In May of 2022, founder Laura Bray attended Health Connect Partners as a panelist to share about the drug shortage crisis. She discussed real patient drug shortage stories and practical solutions to end drug shortages, such as the launching of the End Drug Shortages Alliance (EDSA) and project PROTECT.

data driven
Dec 21, 2023

VPL TrajectRx empowers outpatient pharmacies by giving them the cloud-based shipping, tracking and compliance solution they need to build cost-conscious, stronger, and smarter last-mile operations. Created for pharmacists by pharmacists, our clinically minded platform gets prescriptions out the door, tracks and traces them to their destination, communicates shipping updates to patients and staff, and compiles necessary reporting for proof of delivery. By minimizing distribution errors, enhancing operational efficiency, and reducing time spent on the phone, TrajectRx ensures a streamlined and effective pharmacy workflow.

Medical waste
Nov 13, 2023

PharmEcology® is the exclusive company that can provide your organization with specialized solutions for USP 800 Assessment of Risk requirements and pharmaceutical waste management programs.

pharmaceutical waste
Oct 16, 2023

PharmEcology® provides our patented PharmE® Waste Wizard® (Waste Wizard) allowing subscribers to search for pharmaceutical waste disposal by NDC, product name orgeneric name. PharmEcology also provides State Specific waste categorization at the product level in those states that have stricter definitions of hazardous waste.

PharmEcology® provides a generic verson of training modules (Computer-based Training) ,which can be customized and updated to your e-learing system and PharmE® Policy and Procedure Templates (Policy and Procedures).

Out of stock drug shortage
Sep 28, 2023

About medigi - Complexity and fragmentation in the pharmaceutical supply chain can lead to inefficiencies and inflated costs. Ultimately, unstable medication supply has a negative impact on patient care. At medigi, our simple, direct sourcing solution hosts a rapidly expanding community of pharmacies and drug manufacturers motivated to improve the supply chain. Our mission at medigi is to empower pharmacies and manufacturers to access, buy, sell, and distribute pharmaceutical products through an open, streamlined, easy-to-access eCommerce platform. The Results? Lower costs, highly efficient procurement, and improved patient access. 

Flu Season
Sep 18, 2023

PharmEcology® is the exclusive company that can provide your organization with specialized solutions for USP 800 Assessment of Risk requirements and pharmaceutical waste management programs.

PharmEcology®’s Pharmaceutical Waste Program is not dependent on a particular waste disposal vendor or waste collection container. The savings you will realize are driven by PharmEcology’s optimization of the waste streams your organization generates for disposal. This is particularly important today given the capacity shortages and inflating costs for pharmaceutical waste disposal.

SAFECORE Health logo
Sep 05, 2023

The shortage of pharmacy technicians is straining pharmacies across the nation, with seemingly no end in sight to the dearth of qualified workers. In fact, vacancy rates have climbed to over 20% from 6% on average, with 10% of hospital pharmacies reporting they’ve lost up to 40% of their techs. 

We’ve previously covered how the pharmacy technician shortage leaves crucial tasks without a clear owner, straining existing staff and resources. Unfortunately, the void of workers continues, exacerbating the pains felt by pharmacies and their teams. Pharmacy leaders worry not just about filling open roles, but about burnout of current employees increasing the risk of errors. 

This shortage is especially straining on hospital-based teams, which tend to take on more responsibilities and patient interaction than retail pharmacies. 

 

Why are pharmacy techs in short supply?

You likely already know why it’s hard to find and keep hospital-based pharmacy technicians. The job can be chaotic and unforgiving, with long hours and massive accountability to patient health. But the COVID-19 pandemic incited fear of exposure and infection by working in a pharmacy setting, which didn’t do the workforce any favors, either. 

Overall interest in the career of pharmacy technician is evident in decreasing enrollment rates at training programs. And as those programs lose money, the quality of education decreases. Then it’s a compounding effect of fewer techs with less impressive skill sets. 

What else makes the job tough and contributes to turnover rates as high as 41%?

  • Inadequate compensation — ¾ of techs say they want higher pay if they’re expected to stick around

  • Career dead-ends — pharmacy techs often lack a clear career growth path, leading to disinterest and disillusionment

  • Overworked and under pressure — even though the pandemic has passed, the lingering effects have made the job harder

  • Unmanageable schedules — working overtime, covering vacant shifts, and doing their best to care for their customers while keeping a modicum of work-life balance

The same research shows that not only are techs overworked and understaffed, but that much of this extra workload ends up on the pharmacists themselves. That means the highest-paid employees with the most important responsibilities in the pharmacy are being saddled with work that detracts from their core duties. 

Pharmacists having to step into tech duties has resulted in 53% reducing services and 48% delaying new services. 

Here’s how you can flip the script on the pharmacy technician shortage and take your hospital operations from surviving to thriving.

 

Expand pharmacy tech training and duties

While fewer and less educated techs might be coming through the door, the opportunity for on-the-job training remains — and can take mediocre talent to invaluable operational assets. Upskilled pharmacy techs can take on compounding and specialize in certain fields of drugs to expand the pharmacy’s overall capabilities. They can grow into hazardous material handlers, medication therapy managers, pharmacy buyers, insurance specialists, and more. 

They might even be eager to become a pharmacist themself, one day. Nearly ¾ of technicians contribute their job longevity to the leadership and mentorship of their supervising pharmacist. 

 

Empower career progression to encourage longevity

Many techs report unclear paths to promotions and higher wages as their reason for leaving their jobs. From the time they’re hired, these employees should have a firm grasp on what, when, and how they can progress within the pharmacy or hospital to encourage dedication to their duties. The hospital or pharmacy can also sponsor conferences, training, certifications, and other opportunities for techs to grow their skills. 

This opportunity can increase motivation and accuracy while improving overall job satisfaction. Happier techs stick around longer, refer their friends, and become the best future managers and pharmacists.

 

Increase pay

Of course, the simplest answer in this case also tends to be the most difficult. More money seems to be the consensus solution for bringing in more techs and keeping them longer. Whether that’s wage increases, sign-on bonuses, retention pay, or other financial rewards, the message is clear.

But the challenge is finding that budget. Some pharmacies choose to reduce services or business hours and use those savings to increase compensation. Admittedly, taking such measures merely changes the balance of the staffing shortage, and in the end, patients end up with a lower-quality experience either way. 

Solutions to the pharmacy technician shortage need to free up more of the budget while also reducing the workload, so services need not be reduced. 

 

Embrace unit-dose drug repackaging to save time and money

Another surefire way to optimize the workload of pharmacy technicians and make the job more appealing is to take the tedious — yet critical — duty of repackaging off their plates. With a responsibility like this handled by a partner like Safecor Health, pharmacy techs can trust medications are properly dosed and devote their time instead to caring for their patients. 

Unit-dose repackaging services save time for techs and pharmacists. It also reduces the labor costs associated with repackaging, and reduces the need for on-site repackaging equipment, saving more money. These medications are accurately packaged in whatever format is needed (solid, liquid, syringes, etc.) and RFID/barcode tracked for inventory streamlining.

Hospital pharmacies utilizing unit-dose repackaging through Safecor Health save $400-700 per patient bed annually, thanks to the increased efficiencies, reduced waste, and freed-up resources. They’re also ensuring patient safety by complying with the latest FDA requirements — which can also put a strain on hospital pharmacies’ operations and people. 

Hospital pharmacies can sign up individually or health systems — with multiple hospitals and pharmacies — can sign up with SafecorLogics. They can also look to prepackaged medications from Safecor that can be purchased through their pharmacy wholesaler with next-business-day delivery.